The federal government has lived beyond its means for far too long, racking up a national debt exceeding $20 trillion that will have to be paid by future generations. A balanced budget amendment to the Constitution is the best way to constrain spending and get the federal budget under control.
A balanced budget amendment would pose too much of a constraint on the federal government, preventing it from funding many vital programs because deficit spending would be difficult politically for Congress to approve. The federal government needs to tax and spend more despite the debt.